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Land Prices Near Albena Hit 100-euro Record

Date: 29.08.2006
Land plots around the fashionable resort of Albena are now selling at a record high price of 100 euro/sqm. Lately, many deals have been sealed at exactly this price. The morsels among land plots are located near the village of Rogachevo, just 3 km away from the resort. Bids are getting higher because wealthy Russians, Englishmen, Romanians and Dutchmen set foot on the realty market in Bulgaria. They prefer to build villas by the sea. Only some years ago land in the region used to sell at a ridiculous price of 7 USD/sqm. It is the forthcoming construction of a new holiday village near Varna, Paradise, that sent the prices up. The developers envisage building of 17 detached houses with swimming pools and a beautiful vista over the sea. Realtors ask 1 000 euro/sqm in luxury villas. The complex will be ready next summer. Twenty families from Great Britain have already become owners of land and houses near Rogachevo.
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